coin image

UMA PriceUMA

200
Token
$2.26 9.53%
0.0000326 BTC7.61%0.000908 ETH7.39%

Low (24h)

$2.25

$2.47

UMA Price Today

200
Token
Market Cap
$194,127,561.55
Market Dominance
0.01%
Market Cap
$194,127,561.55
Market Dominance
0.01%
Fully Diluted Market Cap
$275,496,678.76
YTD (%)
-0.97%
Volume (24h)
$14,023,707.73
Volume / Market Cap
0.07224
Circulating Supply
85,893,608 UMA
Max Supply
-
Total Supply
85,893,608
1h24h7d30d60d90d
-0.31%-9.53%-11.14%-20.73% 0.16% 15.69%





UMA to USD

coin image UMA

1

UMA

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USD

UMA Risk Analysis

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1

UMA (UMA) Markets


UMA Quarterly Returns

YearQ1Q2Q3Q4Total
2020-54.11%362.50%-14.04%512.69%
2021224.28%-59.89%-8.60%1.02%20.11%
2022-14.93%-67.93%-6.45%-34.12%-83.18%
202335.98%-23.03%-12.88%58.85%44.84%
202497.80%-44.99%8.31%
Average85.78%-48.96%85.72%2.93%123.62%

Introduction to UMA

A team of developers wanted to build an unbiased, handy, safe, and decentralized digital currency in the crypto world. Therefore, they launched the UMA coin in the year 2018. The development team took the ideas from the traditional financial systems. They took their help to create a platform that would enable everyone from around the globe to develop their own financial contracts. In this article, we will learn in-depth about the various facets of this coin. We will take a peek into its history. Secondly, we will understand how this coin operates. Thirdly, we will try to find out what makes it different from others. Fourthly, we will dive deep into its present standing and try to venture into its future prospects.

Allison Lu and Hart Lambur found this cryptocurrency in the year 2018. Their aim was to build an unbiased, handy, secure, and decentralized market that anyone could use across the globe. This network is an optimistic oracle that can record verifiable truth on the blockchain. The Optimistic Oracle also known as OO is an oracle that mixes real-world data with decentralized systems. It works as a human-powered truth machine. This network protects the vast ecosystem of web3 applications which includes cross-chain bridges, prediction markets, and customizable DAO tooling products. 

 

How Are New UMA Coins Created?

This network works on the Ethereum blockchain. This means this digital currency can be mined. However, unlike the traditional coins that use proof-of-work consensus for mining and consume large-scale energy, this coin uses a developer mining process. In this process, the developers can use their financial contracts and can get rewarded. By doing this the developers obtain holdings in the coins network. Moreover, The developers are free to keep the earned rewards for themselves or distribute them to the consumers. 

 

How does UMA work?

This network is an Optimistic oracle. The OO verifies data in different stages. Below listed are those stages that are used by the OO to verify data.

  • Statement 

The statement is an important part of the verification process. This statement should be in natural language. On the top of it, it should be given with a bond. This bond works as a reward for those who want to raise a dispute if they have proof of unagreeing.

  • Challenge Period 

The undisputed statement reaches this stage. Here anyone can suggest an answer to a data request and it is accepted as true since it has passed this stage without any dispute. 

  • Dispute 

When the statement is under validation. Here anyone can earn a reward by correctly disputing. Since the incentives are consistently honest it makes the occurrence of disputes very less. This causes the OO to be promising. 

  • Voting 

Here the token holders can vote on disputes to earn rewards. The token enables economic assurance to the Optimistic Oracle which means the community members who are also the token holders are enabled to vote for disputes. The majority earns rewards.
 

How to acquire UMA tokens?

To acquire this digital currency you have to follow some simple steps mentioned below:

  • Search Your Exchange 

Search for a reliable cryptocurrency exchange that supports this token.

  • Account Creation 

Create an account on that exchange by finishing the necessary authentication process. 

  • Fund Deposit 

Deposit funds into your account and place purchase orders for the required amount of coins. 

  • Wait for Fund Deposit Confirmation 

After your purchase order is confirmed the coins will get deposited into your account. 

  • Transfer in Secure Wallets 

Transfer the digital coins from your account to safe and secure wallets. 

 

Challenges and Risks Faced by UMA Tokens 

Before investing in any kind of cryptocurrencies you should consider all the risks and challenges that are associated with them. We have mentioned some of the common challenges that every cryptocurrency has to face.

  • Regulatory Uncertainty 

Regulatory Uncertainty is something that is associated with every digital currency. Each country has a different outlook towards digital coins. Therefore, there is no uniform regulatory body with universal rules and regulations. Moreover, As it is still in its evolving stage it is difficult to understand what kind of effect it can have on the coins in the near future. 

  • Competition 

Every now and then a new cryptocurrency is launched. The new digital coins have to make their place in the cryptocurrency market and even have to maintain their position. Moreover, they even have to face competition from the existing crypto giants. 

  • Volatility 

Just like the traditional financial systems, even the cryptocurrencies face price fluctuations. The fluctuations are so rapid and so uneven that every investor has to consider them. Not only that, a user should always be prepared for sudden price changes. 

 

Future Outlook for UMA 

This cryptocurrency had a goal to create a platform that allows users from around the globe to create their own unreliable financial contracts without any effort. They were able to create such a network successfully and they have come a long way in fulfilling their goal. It has some innovative technologies and a huge number of communities that take active participation in the coin's functionality. The network's growing traction and adoption clearly state a bright future ahead for this coin. 

considered for security purposes. 

 

FAQs 

How Many UMA Tokens Are in Circulation?

There are by now 68,947,415 tokens in circulation.

Where Can You Buy UMA?

This token can be bought from major centralized currency exchanges like Binance and Coinbase, and DEXs like SushiSwap and Uniswap. 

 

Conclusion 

With the increasing demand for decentralized finance, there are chances for the cryptocurrency market to flourish in the near future. The vast range of use cases and the unique features that are provided by the digital economy pave the way for widespread adoption. But just like any other investment before investing, each and every challenge and risk should be measured. 

We have done extensive research and helped you understand this cryptocurrency. Similarly, you should also conduct a comprehensive review which can assist you in understanding this new digital currency.


 

How Much is a One UMA Worth Now?

The current price of the UMA(UMA) is $2.26, with a current market cap $194,127,561.55.

What is the UMA Stock Symbol or Ticker?

UMA is a ticker symbol of the UMA.

How Many UMA Coins Are There in Circulation?

At the movement,85.89M UMA tokens are already in the market out of 121.9M UMA.

How Can I Invest in UMA?

There are many options for buying crypto, and UMA can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy UMA. It's a quick, easy, and secure way to buy UMA(UMA).

Is UMA a Stablecoin?

No, It is not a stablecoin.

What Was the Lowest Price for UMA?

UMA had an all-time low of $1.16.

What Was the Highest Price for UMA?

UMA had an all-time high of $43.37.

UMA Price Prediction

The current UMA price is $2.26. In the last 24 hours, UMA price has gone up by -9.53%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future UMA price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired UMA at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

Coin Converter

By exchanging UMA against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, UMA can be earned or received in various ways. UMA considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the UMA, including UMA to PHP, UMA to INR, UMA to NGN, UMA to THB, UMA to CAD, UMA to PKR, UMA to IDR , UMA to EUR , UMA to AUD , UMA to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

Would you like to know how many cryptocurrencies 1 UMA is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like UMA to BTC, UMA to GRASS, UMA to SOL, UMA to SUI, UMA to DOGE, UMA to ETH, UMA to PEPE, UMA to VIRTUAL, UMA to GOAT, UMA to BNB .

UMA Price Current Data

UMA price today is $2.26 USD, which is Down by -9.53% over the last 24 hours. There has been an hourly Dip by -0.31%. UMA's market cap currently sits at $194,127,561.55 USD, holding up for a market cap rank at #200. The volume were at $14,023,707.73 USD UMA ranks no 200 in the market capitalization of UMA is at $194,127,561.55 and its volume for 24 hours is $14,023,707.73. UMA are under circulation, with total supply of 121.9M and the Maximum supply of 0.

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UMA Price Statistics

UMA Price Live

UMA Price

$2.26

Percentage Change ( 24h )

9.53%

$0.22
24h High / Low

$2.47 /

$2.25

Trading Volume 24h

$14,023,707.73

Volume / Market Cap

0.07224

Market Dominance

0.01%

Market Rank

200

Market Cap

$194,127,561.55

Fully Diluted Market Cap

$275,496,678.76

All Time High

$43.37

94.79%
All Time Low

$1.16

94.40%
Circulating Supply

85,893,608 UMA

Total Supply

121,896,157 UMA

Max Supply

-